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Showing 61 - 70 of 99 results for "SMC"

Super lobbies welcome bipartisan support to fight financial abuse

ELIZA BAVIN  |  MONDAY, 28 APR 2025
... Rishworth promised to introduce new measures to target perpetrators of financial abuse last week. The Super Members Council (SMC) welcomed the Coalition's election commitment to eradicate financial abuse from the superannuation system. SMC wrote to all ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
... after death. Superannuation advocacy body's Association of Superannuation Funds of Australia (ASFA) and Super Members Council (SMC) welcomed the proposal. "For too long, perpetrators of family violence have been able to profit from their victims' death ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
Super Members Council (SMC) is urging Australia's newly elected government to pass the payday super legislation as a matter of priority within its first 100 days in power. The council's analysis found that in 2021-22, about $5.1 billion of super went ...

Super for housing would benefit 4% of homebuyers: ASFA

MATTHEW WAI  |  TUESDAY, 8 APR 2025
... Peter Dutton's stern stance on the policy, which was heavily critcised by the industry, including the Super Members Council (SMC). SMC chief executive Misha Schubert said the withdrawal will hike the house prices, instead of creating more new home buyers. ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... with Budget papers reaffirming the timetable and a MYEFO investment of $404 million to meet it. The Super Members Council (SMC) said the government should use $500 million a year from the super tax windfall to strengthen retirement for low-income workers. ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... government has opened consultation on the draft legislation, with submissions closing next month. The Super Members Council (SMC) said payday super laws "will be a gamechanger." SMC chief executive Misha Schubert said the payday super laws will make ...

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... agenda, legislating the first tranche of its response to the Levy review," Briggs said. Likewise, the Super Members Council (SMC) thanked Jones for his service and noted his work in championing payday super financial advice reforms. "Minister Jones has ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
Modelling by the Super Members Council (SMC) shows close to one million older Australians are paying more in tax by leaving their super savings in accumulation products. The SMC said 700,000 Australians aged over 65 and no longer working full-time have ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... stakeholders to develop the standards and the draft standards will be released for public consultation. The Super Members Council (SMC) strongly welcomed the plan. SMC chief executive Misha Schubert said super fund members rightly expect the highest ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... Australians receiving their super contributions more frequently throughout their working life, which Super Member Council (SMC) analysis shows the average worker would be $7700 better off in retirement with payday super because returns accrue and compound ...